Should You Buy Dogecoin (DOGE) Sunday?
InvestorsObserver gives Dogecoin a strong long-term technical score of 72 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
DOGE at this time has a superior long-term technical analysis score than 72% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
DOGE is currently -$0.0300000 (-32.16%) below its 100-day moving average price of $0.100000000 with its current price of $0.070000000. Meanwhile, Dogecoin is $0.0200000 (-21987.28%) above its 52-week low price of $0.050000000 and -$0.28000000 (-2830.02%) below its 52-week high of $0.350000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 72. Trends for the long-term trading history of Dogecoin suggest that traders are currently neutral on the coin.
Dogecoin currently has a total market cap of $9,018,640,361.75 to go along with its average daily volume of $2,702,584,517.54 worth of the currency over the past seven days. DOGE’s volume is below its seven day average as of the past 24 hours, with 258,167,067.68 exchanged in that period.
This coin’s subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.
DOGE’s historical trading over the past year gives it a a strong long-term technical score of 72 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.